Question

New York - State Itemized Deduction vs. Federal Itemized Deduction

Accepted Answer

TaxAct^® will use the larger of your New York standard deduction or itemized deduction. The New York itemized deduction is not the same as the federal itemized deduction amount. The New York amount is reduced by the state taxes deducted on the federal Schedule A (Form 1040) Itemized Deductions. There are also reductions if your AGI is over $100,000. This calculation is done on New York Form IT-196.

Online Navigation Instructions

Click Tools down the left to expand, then click Forms Assistant.
Click to expand the NY Forms folder, then click to expand the Forms and Schedules folder.
Click Form IT-196 New York Resident, Nonresident, and Part-Year Resident Itemized Deductions.

Desktop Navigation Instructions

Click Forms at the top of the screen.
Click to expand the New York folder, then click to expand the Forms and Schedules folder.
Click Form IT-196 New York Resident, Nonresident, and Part-Year Resident Itemized Deductions.

The higher of the NY itemized deduction or NY standard deduction will be entered on Form IT-201, Line 34 or Form IT-203, Line 33.